Apple launched a legal challenge against Brussels in an EU top court on Tuesday (17 September), saying the European Union's 2016 order for the company to pay 13 billion euros in back taxes to Ireland "defies reality and common sense".
A precondition for making online companies such as Amazon and Google pay taxes where they are due is to affirm the principle of "virtual permanent establishment", whereby digital firms pay taxes in countries where they have a "significant digital presence", said EU presidency holder Estonia.
Ireland's finance minister said the European Commission's demand that Dublin collect up to €13 billion in back taxes from Apple was unjustified, in an interview with Germany's Frankfurter Allgemeine (FAZ) newspaper.
A planned reform of the US tax system designed to attract economic activity and jobs to the country could also put US companies beyond the reach of European state aid rules, an EU official told EURACTIV's media partner PaRR.
The European Commission's estimate that Apple owes Ireland up to €13 billion in a disputed tax ruling is unlikely to be altered greatly by Dublin's calculations, the Irish finance minister said on Thursday (2 February).
Competition Commissioner Margrethe Vestager should take over Kristalina Georgieva's Commission vice-presidency , as a result of the new alliance between the European People’s Party and liberal ALDE groups, sources told EURACTIV France.
Ireland set out its arguments on Monday (19 December) against a European Commission ruling that tech firm Apple should pay billions in back-taxes to Dublin, claiming the EU executive arm has interfered in state sovereignty.
In its challenge of the European Commission's €13bn recovery decision, Ireland does not agree with Apple’s position that almost the entirety of its profits are generated by R&D, and should therefore be taxed in the US, PaRR has learned.
The EU will require big foreign banks operating in Europe to set aside billions in reserve funds in a tit-for-tat move against the United States that could also affect post-Brexit Britain, according to a draft proposal seen by AFP.
Countries that encourage tax evasion should miss out on free trade agreements and access to banking, according to economist Joseph Stiglitz who urged Europe to take the lead in fighting tax dodgers in the wake of Donald Trump’s victory in the United States. EURACTIV Germany reports.
The world is still mostly led by men, but the balance could swing slightly towards women of power today (8 November), when the US goes to the polls to potentially elect its first female president. Here are some of the distinguished individuals Hillary Clinton could join. EURACTIV Germany reports.
French President François Hollande yesterday (12 October) accused the United States of abusing its power by demanding multi-billion dollar fines from European companies, stoking an increasingly bitter trans-Atlantic dispute.
A lack of community spirit on the part of Europe's leaders has stalled the European project, according to Luxembourg Prime Minister Xavier Bettel. He called on the EU to take a hard stance against the UK. EURACTIV France reports.
Europe’s economy has clearly seen better days. Facing great technological and societal change, it is marred by a sluggish recovery and a lack of investment, write Reinhard Bütikofer and Philippe Lamberts.
France has called for the EU to rethink its approach to trade negotiations, while pushing ahead with CETA, the free trade deal with Canada. But free trade is an increasingly thorny subject with European citizens. EURACTIV France reports.
The EU and US administrations have to work, with others, to find an equitable, effective and mutually acceptable solution for taxing the corporate profits of multinational companies, writes Philippe de Schoutheete.